Richard Matheny III

1 day ago | jdsupra.com | Nate Cunningham |Richard Matheny III |Justin Pierce

Policy and regulatory shifts could transform global trade, from intensifying scrutiny on foreign investment to the unprecedented scale of new tariffs. Topics discussed: OISP puts onus on US investors for monitoring new restrictions on Chinese tech investment DOJ’s new data rule targets countries of concern Why FCPA matters even if enforcement is deprioritized What’s unique about Trump’s tariffsListen to audio here.

Nov 25, 2024 | jdsupra.com | Richard Matheny III |Carrie Miller |Jacob Osborn

On November 21, 2024, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) placed Gazprombank – Russia’s largest remaining non-designated bank – and more than 50 other Russian banks on its Specially Designated Nationals and Blocked Persons (SDN) List. As a result, US persons are prohibited from directly or indirectly engaging in any transaction or dealing involving Gazprombank or the other newly designated banks, unless authorized by OFAC or exempt from US sanctions.

Nov 7, 2024 | jdsupra.com | Richard Matheny III |Carrie Miller |Jacob Osborn

On October 28, 2024, the US Department of the Treasury issued final regulations governing certain outbound investments in the semiconductor, quantum computing, and artificial intelligence (AI) sectors of the People’s Republic of China, along with Hong Kong and Macau (collectively referred to herein as China).

Mar 8, 2024 | jdsupra.com | Amy S. Josselyn |Jacqueline Klosek |Richard Matheny III

In a sweeping, coordinated effort across federal agencies, the US government has taken a giant leap forward to prevent access to data that could be exploited to the detriment of national security. On February 28, 2024, President Biden signed an Executive Order outlining restrictions on foreign access to personal data of US persons and US government-related information, which was accompanied by a fact sheet.

Feb 15, 2024 | jdsupra.com | Gozde Guckaya |Richard Matheny III |Carrie Miller

Key TakeawaysThe US Department of Commerce’s Bureau of Industry and Security (BIS), which administers the Export Administration Regulations (EAR) and regulates most exports from the United States, announced further updates to the process by which persons can voluntarily disclose violations of the EAR and ask for BIS’s determination not to impose a penalty.